Best Niels Kaastrup Larsen Podcasts (2025)

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SI371: Trends Don’t Form Randomly. They Form Reflexively ft. Richard Brennan 1:17:28

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3d ago1:17:28

1:17:28

Richard Brennan returns this week to explore how markets truly move - not through randomness or rationality, but through impact, feedback, and memory. What begins with a single trade builds into structure, not pattern; alignment, not noise. Drawing from neuroscience and fractal geometry, Rich challenges the idea that markets can be understood witho…

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UGO07: The Illusion of Safety: How Markets Became the Economy ft. Keith DeCarlucci, Patrick Kazley & Hari Krishnan 1:07:19

6d ago1:07:19

1:07:19

Recorded amid the noise and pulse of the RMC conference in Munich, this episode of U Got Options follows a market learning to see itself anew. Cem Karsan speaks with Keith DeCarlucci on the return of macro discipline through EM carry and the quiet yield of volatility. Patrick Kazley traces the fault lines of diversification, where beta, convexity, …

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SI370: Sharpe Ratios, Tail Risks, and the Cost of Comfort ft. Nigol Koulajian & Alan Dunne 1:01:45

10d ago1:01:45

1:01:45

Nigol Koulajian, founder of AlphaQuest rejoins Niels and Alan for a conversation about markets shaped less by fundamentals than by perception. As political influence deepens and volatility is managed rather than discovered, traditional risk signals lose meaning. Sharpe ratios climb not through edge, but through exposure to hidden fragilities. Diver…

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GM89: When Credibility Becomes the Risk Premium ft. Maurice Obstfeld 1:01:15

13d ago1:01:15

1:01:15

Maurice Obstfeld joins Alan Dunne for a clear-eyed look at how the foundations of the global monetary system are shifting - and why much of the world is quietly preparing for a future without a stable dollar anchor. Drawing on decades in policy and research, Obstfeld explains how tariffs, fiscal dominance, and political interference are eroding the…

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SI369: Liquidity, Leverage, and the End of Safety ft. Mark Rzepczynski 1:16:32

17d ago1:16:32

1:16:32

Gold is ripping, but it’s not about inflation. It’s about trust - or the slow erosion of it. Mark Rzepczynski returns to map out the shifting terrain as central banks quietly step away from sovereign debt and build reserves in metal, not paper. Niels presses on what this says about safe assets, liquidity, and the narratives we’ve long taken for gra…

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GM88: Cycles of Promise and Pain: Argentina’s Unfinished Lesson ft. Nicolas Dujovne 58:46

20d ago58:46

58:46

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SI368: Valuation Has Left the Room ft. Cem Karsan & Alan Dunne 1:05:25

24d ago1:05:25

1:05:25

Cem Karsan joins Alan Dunne to chart a market running on more than just momentum. Beneath the surface: a structural liquidity engine, political incentives aligned with asset reflation, and a surge in non-correlated flows reshaping risk itself. As institutions scramble to catch up and volatility begins to rise with price, Cem draws on lessons from t…

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IL42: Redefining Sovereignty in a Borderless Financial System ft. Zoe Liu 1:03:12

27d ago1:03:12

1:03:12

China’s trade surplus with the US remains stubbornly large, but its appetite for Treasuries is fading. So where are the dollars going, and what does that say about the country’s evolving financial strategy? Kevin Coldiron welcomes back Dr. Zoe Liu for a nuanced look at how Beijing is managing external pressure, internal control, and the creeping di…

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SI367: Portfolio Design in a Distorted World ft. Andrew Beer 1:07:19

1M ago1:07:19

1:07:19

Equities are up more than 50% since the April lows, yet the world feels anything but stable. In this episode, Niels Kaastrup-Larsen and Andrew Beer examine the widening disconnect between market behavior and the backdrop it’s unfolding against. From drone incursions over Denmark to political fragmentation and a rising tolerance for systemic risk, t…

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UGO06: Democratizing the Asymmetric Trade ft. Vlad Tenev 41:28

1M ago41:28

41:28

Vlad Tenev, CEO of Robinhood joins Cem Karsan at the Hood Summit in Las Vegas, for a timely conversation about the shifting edge in markets. From memories of hyperinflation in Bulgaria to unlocking tools once reserved for institutions, Vlad outlines how Robinhood is positioning retail for a different kind of market regime. Futures, short selling, 2…

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SI366: The Strategy Didn’t Fail. The Investors Did. ft. Rob Carver 1:02:01

1M ago1:02:01

1:02:01

Rob Carver is back from summer break for a conversation that moves between past and present through the lens of lived experience. Starting with the anniversary of Lehman’s collapse, Rob and Niels unpack why strong performance often coexists with poor investor outcomes - and how timing, not strategy, remains the silent killer. They question the rece…

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ALO31: What If the Illiquidity Premium Was Never Real? ft. Richard Tomlinson 1:03:51

1M ago1:03:51

1:03:51

Richard Tomlinson joins Alan Dunne for a conversation shaped by experience, not theory. As CIO of LPPI, Richard is responsible for £27 billion in pension assets - but what stands out here is the clarity with which he navigates complexity. From the fading utility of labels like “illiquidity premium” and “hedge fund” to the trade-offs between cost, a…

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SI365: Design or Luck: Why Trend Following Results Diverge ft. Katy Kaminski 55:51

2M ago55:51

55:51

Katy Kaminski returns to explore why results in trend following rarely look alike, even when the rules sound the same. Using fresh research from Man Group and Quantica, she and Niels trace the fingerprints of design choices: the pace of signals, how portfolios tilt, whether to add carry, and the impact of alternative markets. Along the way they con…

Niels Kaastrup Larsen Podcasts

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Top Traders Unplugged with Niels Kaastrup-Larsen

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1
SI371: Trends Don’t Form Randomly. They Form Reflexively ft. Richard Brennan 1:17:28

1
UGO07: The Illusion of Safety: How Markets Became the Economy ft. Keith DeCarlucci, Patrick Kazley & Hari Krishnan 1:07:19

1
SI370: Sharpe Ratios, Tail Risks, and the Cost of Comfort ft. Nigol Koulajian & Alan Dunne 1:01:45

1
GM89: When Credibility Becomes the Risk Premium ft. Maurice Obstfeld 1:01:15

1
SI369: Liquidity, Leverage, and the End of Safety ft. Mark Rzepczynski 1:16:32

1
GM88: Cycles of Promise and Pain: Argentina’s Unfinished Lesson ft. Nicolas Dujovne 58:46

1
SI368: Valuation Has Left the Room ft. Cem Karsan & Alan Dunne 1:05:25

1
IL42: Redefining Sovereignty in a Borderless Financial System ft. Zoe Liu 1:03:12

1
SI367: Portfolio Design in a Distorted World ft. Andrew Beer 1:07:19

1
UGO06: Democratizing the Asymmetric Trade ft. Vlad Tenev 41:28

1
SI366: The Strategy Didn’t Fail. The Investors Did. ft. Rob Carver 1:02:01

1
ALO31: What If the Illiquidity Premium Was Never Real? ft. Richard Tomlinson 1:03:51

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SI365: Design or Luck: Why Trend Following Results Diverge ft. Katy Kaminski 55:51